
Bear Market Bounce or Stock Market Bottom?
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Is This a Real Inflection Point or Just a Rally?
Global markets are trading at around mediate valuations. But we haven't yet seen indicators like the p m i or the iron sem forto levels, which would typically indicate procession. And indeed, intrust rates have not yet, we think, piqued. So i would say those ale reasons why we see he rally that we've experienced in recent months as a bear market rally, not a genuine turning point.
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